China’s value-added industrial output, an important economic indicator, went up 5.6 percent year-on-year (YoY) in May, data from the National Bureau of Statistics showed Monday, Xinhua news agency reported.
The official data said the equipment and high-tech manufacturing sectors in particular posted strong growth last month, with their output up 7.5 percent and 10 percent from a year ago, respectively.
On a monthly basis, the entire industrial output edged up 0.3 percent in May from the previous month. During the January-May period, it rose 6.2 percent YoY.
The industrial output measures the activity of enterprises each with an annual main business turnover of at least 20 million yuan (about US$2.81 million).
Source: Emirates News Agency